Bybit Eyes South Korean Expansion with Korbit Acquisition [Yahoo! Finance]
SK Telecom Co., Ltd. (SKM)
US:NYSE Investor Relations:
sktelecom.com/en/investor/lib/announce.do
Company Research
Source: Yahoo! Finance
Some sources claim that Bybit has met with Korbit's management to begin the acquisition process. Bybit to Start with SK Planet's Stake Though no official announcement has been made concerning the acquisition, it could serve as an avenue for the international exchange to expand its roots in Asia's crypto market. Noteworthy, NXC, the parent company of Nexon, owns about 60.5% of Korbit. Another 31.5% is under the ownership of SK Planet, and this is where Bybit intends to start. The sources familiar with the matter stated the exchange will kickstart the deal by first taking up SK's stake before moving on to full ownership. It is worth noting that Binance's expansion in the Asian market has played a significant role in encouraging other exchanges to enter the region. For context, Binance recently received approval from the Financial Intelligence Unit for the replacement of GOPAX executives. This favorable nod effectively allows foreign exchanges to own local platforms in the region
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SKM
Sec Filings
- 10/30/25 - Form 6-K
- 10/30/25 - Form 6-K
- 10/23/25 - Form 6-K
- SKM's page on the SEC website